Showing 1 - 10 of 269
From a theoretical perspective the link between the speed and scope of rapid labor reallocation and productivity growth … or income inequality is ambiguous. Do reallocations with more flows tend to produce higher productivity growth? Does such … flows and productivity growth as well as income inequality. Our findings suggest only weak and short term links with …
Persistent link: https://www.econbiz.de/10011543181
distribution. Entrepreneurs strongly affect firm growth patterns of both very young firms and for firms that have begun to mature …
Persistent link: https://www.econbiz.de/10009695982
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10009696885
What type of businesses do unions target for organizing? A dynamic model of the union organizing process is constructed to answer this question. A union monitors establishments in an industry to learn about their productivity and decides which ones to organize and when. An establishment becomes...
Persistent link: https://www.econbiz.de/10010402128
We study Austrian job reallocation in the period of 1978 to 1998, using a large administrative dataset where we correct for "spurious" entries and exits of firms. We find that on average 9 out of 100 randomly selected jobs were created within the last year, and that about 9 out of randomly...
Persistent link: https://www.econbiz.de/10011412464
induces sizable declines in output and employment together with rising cross-sectional dispersion of price and output growth …
Persistent link: https://www.econbiz.de/10011896893
This paper considers the consequences of a two-sector vertically-integrated model of firms producing output using firm-specific capital with a second sector producing firm-specific capital by adapting raw capital purchased in the market. Analysts rarely observe each sector separately....
Persistent link: https://www.econbiz.de/10013463309
firm, whereas entrepreneurs in the 'growth regime' are not insured but take undistorted investment decisions. The choice of …Sharing is a norm in many societies. We present a theoretical model on the trade-off between sharing and investment … patterns: entrepreneurs following an 'insurance regime' comply with sharing norms, are insured but reduce investment in their …
Persistent link: https://www.econbiz.de/10009717131
firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …
Persistent link: https://www.econbiz.de/10010229932
firm's investment is comparatively more sensitive to cash flow, but this sensitivity is negatively and significantly … related with corporate efficiency. These results point to the fact that high investment sensitivity to cash flow may not be … solely driven by measurement error in investment opportunity, but may still be interpreted as a consequence of imperfect …
Persistent link: https://www.econbiz.de/10010379263